Fort Lauderdale, FL (PRWEB) July 22, 2010
American Residential Law Group urges property owners facing attainable foreclosure action to be wary of numerous fraudulent house mortgage modification scams. These fraudulent applications can seem genuine, but do nothing to advantage property owners financial conditions.

With the continued financial instability facing the nation, much more property owners than ever just before are faced with the frightening prospect of foreclosure on their homes. One of the most beneficial techniques to alleviate this onerous monetary burden is to modify the home mortgage of these owners. Nonetheless, not all modification applications are produced equal. Some are, in truth, absolutely nothing much more than scams, made to crippled home owners currently-decreased monetary well being.

American Residential Law Group, a long-time advocate for home owners rights, urges home owners facing the prospect of foreclosure to completely check any lender or organization providing house loan modifications.

Possibly the most common scam that can trap unwary property owners is the rent-to-own, or leaseback, choice. In this scenario, home owners are tricked into surrendering the title to their home, with the understanding that they will be in a position to get the home back. However, this usually final results in the total loss of ownership, and the continued debt of the original mortgage.

Another fraudulent property loan modification system consists of fake government modification gives. Frequently, these scammers go to fantastic lengths to appear reputable, even to the extent of building websites that look like government agency sites. American Residential Law Group urges homeowners to be very leery of any company offering such programs, and to acquire the guidance of a legal professional prior to generating any such agreement.

To find out much more about home mortgage modifications and how American Residential Law Group can be of assistance to you, check out them at http://www.ARLGNow.com.

About American Residential Law Group: American Residential Law Group is a law firm that strives to offer the neighborhood with legal help and all the positive aspects to which customers are entitled below the law. With a considerable background in all places of customer advocacy, American Residential Law Group remains devoted to delivering integrity and excellence for their clientele, and growing their high quality of life.

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